In 2023, the homeownership rate for adult Gen Zers was higher than the homeownership rate for millennials and Gen X when they were 24, according to Redfin.
than the homeownership rate for millennials and Gen X when they were 24, according to Redfin, a real estate company.The race is close, though. About 27.8% of 24-year-old Gen Zers are homeowners compared to 24.5% of millennials when they were the same age. Gen X had a lower rate at 23.5%, Redfin reports.
"I didn't know if I was making the right call ," said Verrichia."I didn't know if it was going to turn me upside down."of homebuyers, the National Association of Realtors reported. This generation is entering homeownership with the lowest income and is unlikely to be married or have children under 18 in their household.
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